Renovated Residential Income
For Sale
$310,000
6301 STEVENSON AVENUE Unit 911, Alexandria, VA 22304
Updated one-bedroom condominium with one full bath, a half bath, and renovated kitchen and bathroom finishes.
Property Size1,070 SF
Days on Market22
Property Features for 6301 STEVENSON AVENUE Unit 911
General Information
Standard status
Active
Size
1,070 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,258
Building Details
Building Size
1,070 SF
Year Built
1978
Listing Agency:
Spring Hill Real Estate, LLC.
Listed By:
Kimberly Boyce · License #0225265958
(703) 459-3950
Source:
Dcmetrorealtyteam
Added: Sep 15
Changed: Oct 6
Last Checked: Oct 6 at 12:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Spring Hill Real Estate, LLC.
Investment Insights
Based on property information with market context.
This residential income property is a one-bedroom, 1.5-bath condominium in Alexandria. The home was fully renovated with new flooring, freshly painted walls, a remodeled kitchen, and updated bathrooms. The layout includes a spacious bedroom, a private full bathroom, and a separate half bath for guests.
Built in 1978, the condominium is located near shopping, dining, and major commuter routes. Its Alexandria location also provides access to the broader Northern Virginia area.
Built in 1978, the condominium is located near shopping, dining, and major commuter routes. Its Alexandria location also provides access to the broader Northern Virginia area.
Key Highlights
- Fully renovated one‑bedroom, 1.5‑bath condominium
- New flooring and freshly painted walls
- Remodeled kitchen with updated finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,402
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,040
$328.0K
Cap Rate 7%
$234,314
$234.3K
Cap Rate 9%
$182,244
$182.2K
Market Conditions
NOI Build-Up for 1,070 SF
Gross rent
$31.5K $29.40/SF
− Vacancy
−$1.6K −$1.53/SF
EGI
$29.8K $27.87/SF
− OpEx
−$13.4K −$12.54/SF
NOI
$16.4K $15.33/SF
Area
Alexandria, VA
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,040
Cap Rate 7%
$234,314
Cap Rate 9%
$182,244
Alternative Uses
Best Use
Apartment 5plus
$234.3K
$205.0K – $273.4K
NOI $16,402 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$594.3K
$520.0K – $693.4K
NOI $41,602 @ 7.0% cap · market cap 13.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,632
Businesses Nearby
Explore this area
Business Placement
Demographics for 22304, VA
49,237
Population
24,654
Households
2
Avg Household Size
37
Median Age
59%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
10,258
Density / Sq Mi
$97,629
Median Household Income
$64,929
Median Earnings
$1,934
Median Rent
$496,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated one-bedroom condominium with one full bath, a half bath, and renovated kitchen and bathroom finishes.
Where is this residential income property located?
The property is located at 6301 STEVENSON AVENUE Unit 911 Alexandria, VA.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Fully renovated one‑bedroom, 1.5‑bath condominium; New flooring and freshly painted walls; Remodeled kitchen with updated finishes
